Kerry Group

This article is about Kerry Group. For Kerry Properties, see Kerry Properties.
Kerry Group plc
Public company
Traded as ISEQ: KRZ, LSE: KYGA, OTC Pink: KRYAY
Founded 1972 (1972) in Listowel, Ireland
Headquarters Tralee, Ireland
Key people
 Stan McCarthy – Group CEO
Flor Healy – CEO of Kerry Foods
Gerry Behan – President & CEO of Kerry Ingredients & Flavours
Brian Mehigan Group CFO
Products Food Ingredients and Flavours
Cheese and cheese snacks
Ready meal
Sausages
Cooked meats
Dairy Spreads
Water and juices
Revenue €6.104 billion (2015)[1]
€662.7 million (2015)[1]
€525.4 million (2015)[1]
Number of employees
 24,000[2]
Website www.kerrygroup.com

Kerry Group is a public food company headquartered in Ireland. It is quoted on the Dublin ISEQ and London stock exchanges.

Kerry headquarters Tralee

History

Kerry was founded in 1972 in Listowel, County Kerry as a private company with three shareholders – state-owned Dairy Disposal Company (42.5%), a Federation of eight small farmer co-operatives in Kerry (42.5%) and Erie Casein Company Inc. from the US (15%).[3]

In March 2004 the company bought the Quest Food Ingredients Group, a food ingredients business, for US $440 million.[4] Then in August 2005 the company acquired Noon Products, a supplier of Indian and Thai ready meals, for £124m.[5]

In September 2011 the company acquired Cargill Flavor System, a manufacturer of food flavouring, for $230 million.[6]

In February 2015 the company acquired Rollover, a supplier of hot dogs.[7] Then in October 2015 the company acquired Red Arrow Products, Island Oasis and Wellmune, three businesses in the US taste and nutrition sector, for US $ 735 million.[8]

Operations

Headquartered in Tralee, County Kerry, Ireland, the Group employs about 24,000 people in its manufacturing, sales and technical centres worldwide.[3] Kerry's Global Headquarters is based in Naas, County Kildare at the groups' €100 million Global Technology and Innovation Centre which employs 900 people.[9] Kerry supplies over 15,000 foods, food ingredients and flavour products to customers in more than 140 countries worldwide.[3]

Business structure

The Group is divided into several business areas:[3]

Notable brands

Brands include:[10]

See also

References

  1. 1 2 3 "KG Annual Report 2015" (PDF). Kerry. Retrieved 30 June 2016.
  2. ↑ "Investor FAQ". Kerry Group. Retrieved 30 June 2016.
  3. 1 2 3 4 "Kerry's cathedral of discovery". Irish Examiner. 12 October 2015. Retrieved 24 January 2016.
  4. ↑ "Purchase-hungry Kerry Group buys Quest for $440m". Irish Emigrant. 3 March 2004. Retrieved 25 January 2016.
  5. ↑ "Kerry Group buys Noon Products". The Grocer. 9 August 2005. Retrieved 25 January 2016.
  6. ↑ "Kerry buys Cargill Flavor System for $230 million". Natural Products Insider. 23 September 2011. Retrieved 25 January 2016.
  7. ↑ "Kerry Group gobbles up hot dog supplier Rollover". The Telegraph. 24 February 2015. Retrieved 25 January 2016.
  8. ↑ "Kerry Group Buys Three Food Companies for $735 Million". Powder and Bulk Solids. 19 October 2015. Retrieved 25 January 2016.
  9. ↑ "Kerry Group to create up to 900 jobs in Kildare". RTÉ News. 9 October 2012. Retrieved 30 June 2016.
  10. ↑ "Brands". Kerry Group. Retrieved 24 January 2016.

External links

This article is issued from Wikipedia - version of the 11/28/2016. The text is available under the Creative Commons Attribution/Share Alike but additional terms may apply for the media files.